Why the Mt. Gox Crash is a Bankster Controlled Implosion

[bytedisorder]

I personally believe the the Mt. Gox situation has been created and manipulated by the central banking consortium to discredit bitcoin. Bitcoin is an existential threat to the big banks. It gives the plebs the power to free themselves from a thousand years worth of financial repression dating back to the late middle ages.

It threatens the illegitimate power-monopoly of the big 6 banks. Hence they have seized control of the once-largest exchange. they are now hyping up the "bitcoin bubble" and "bitcoin implosion" in an attempt to discredit the currency before it goes completely mainstream. They are trying to scare away would be new-comers with the fear of instability. What do you think?

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[Beliathon]

Wouldn't surprise me one bit.

[bytedisorder]

Yeah, I just worry they will be successful in leveraging the bottomless pit of fear and ignorance. 

[pungopete468]

They can't kill Bitcoin. Few are selling out permanently, the market intends to buy back in. When people sell out and walk away; that's when you should have a little bit of concern...

Bitcoin is still secure, it still has a bright future, and the market is driven by greed. It's best to buy a little bit at a time and take advantage of the crashes because it's just going to recover when the investors flip from "sell" to "buy" and drive the trend back up.

[Bit_Happy]

Bankster Controlled Implosion?
Possible, maybe Mark is/was just a "lucky idiot"...how can we tell?

[grifferz]

Greed and incompetence are a lot more common than conspiracy…

…or maybe that's what they want you to think?

Just kidding. Greed and incompetence every time.

[HerrAndreas]

Greed and incompetence are a lot more common than conspiracy…

…or maybe that's what they want you to think?

Just kidding. Greed and incompetence every time.

indeed. most of the time the reason is what is most likely.

-you only need conspiracy theories when you lack information and power to influence.

[bytedisorder]

If you don't think the banks see Bitcoin as a threat, then I think you have your head in the sand. Just pro-posito

[bytedisorder]

I'm not saying they have or will successfully destroy(ed) bitcoin. I certainly don't think that. What I am saying is that the news media is leveraging a relatively minuscule hiccup in the currency via the Hegelian dialectic to drive away would be new-comers. Also, that this obsession with one failed exchange representing an overall failure of the currency (on behalf of the news media) is being caused by the people who fund their operations (banksters).


As you said "Cui bono?".